Walt Disney’s ESPN will become the exclusive U.S. broadcaster of all WWE events, including WrestleMania and SummerSlam, starting in 2026, the companies said Wednesday.

According to The Wall Street Journal, Disney is paying $1.6 billion for a five-year deal, or $325 million annually. The agreement includes full streaming rights.

ESPN also announced it will launch the new ESPN's direct-to-consumer streaming service on August 21, priced at $29.99 per month.